Bank TSB set to bar 5.4M customers from buying crypto
Bank TSB is set to become the latest financial institution in the United Kingdom to prevent customers from investing in crypto. United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and cryptocurrencies.According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of fraud associated with cryptocurrency transactions.Bank TSB has reportedly received a plethora of complaints from customers about crypto-related fraud cases. Indeed, the U.K. bank says about 12.5% of....
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HSBC has reportedly changed its policy regarding cryptocurrency. The bank now prohibits customers from buying the stock of public companies that hold bitcoin, like Microstrategy. All of the companies with bitcoin treasuries could be on the chopping block at HSBC. HSBC Now Bars Clients From Buying Crypto and Crypto-Related Stocks Like Microstrategy British bank HSBC has reportedly become more strict with its crypto policy. The bank now prohibits its customers from buying the stock of public companies that are holding bitcoin in its treasury. An HSBC customer has shared a message he said he....
The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services.
Commonwealth Bank Begins Offering Crypto Services
Commonwealth Bank (CBA), also known as Commbank, announced Wednesday that “it will become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets,” which will be directly through....
Editor's note: Marc van der Chijs is a former Dutch serial entrepreneur in Shanghai turned venture capitalist in Vancouver. He lived and worked for over 13 years in China, where he co-founded popular online video sharing site Tudou.com. He is a big believer in bitcoin. It seems banks have started to realize that bitcoin could be a major threat for them. In the US many banks don't accept any bitcoin businesses as clients, possibly because of regulatory concerns and money laundering risks. Individuals aren't free from bitcoin banking issues either. CoinDesk reported recently that a Swedish....
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban on cryptocurrency.
Bank Alfalah Asks Customers to Avoid Conducting Crypto Transactions
Pakistani Bank Alfalah has reportedly started sending SMS alerts to its customers, asking them to avoid carrying out cryptocurrency transactions using its banking channels.
Incorporated in....
The cryptocurrency custody startup announced on Thursday that users will now be able to buy bitcoin (BTC) on the Casa app using their bank accounts.